FA News

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Tilton's Patriarch Partners Accused Of $200M Fraud By SEC

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Financial advisor Lynn Tilton has been accused by the SEC of improperly collecting $200 million in fees by misstating the value of pooled corporate loans.

Alternative Investors Failing To Diversify, Experts Warn

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Financial advisors are defeating the diversification advantage of alternatives by focusing their clients’ money in too few funds, experts told attendees of an Insured Retirement Institute seminar.

Pay For Top Charles Schwab Corp Execs Fell 5-10 Percent In 2014

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Walter Bettinger, president and chief executive of Charles Schwab Corp, earned $11.8 million in cash, options and restricted stock awards in 2014, 7 percent below the $12...

Former N.Y. B-D Execs Jailed For Venezuelan Bribe Scheme

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Two former executives of a defunct Wall Street broker-dealer were sentenced to prison for participating in a scheme to pay $5 million in bribes to an official at a Venezuelan state economic...

Dodd-Frank Co-Author Disappointed On Pay Votes, Cites Fund Managers

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An architect of the shareholder votes companies hold on executive compensation said he is "disappointed" they have not led to more changes, noting that wealthy mutual fund company leaders make weak...

2014 Was A Good Year For Advisors

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Advisors revenue and assets under management grew last year, accroding to PriceMetrix.

Seniors May Reach Too Far For Yield, Regulator Says

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Banks should be cautious in marketing investment products to seniors who are trying to “reach for yield,” Office of the Comptroller of the Currency Thomas Curry said.

Hy Cohen, Former Royal Alliance CEO, Dies At 68

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Hy Cohen, who led the brokerage firm from 1994 to 2001, passed away on March 20 after a lengthy illness.

Brokerage Firms Accused Of False Advertising

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A lawyers association says brokerage firms are misleading consumers by implying they have a fiduciary obligation to clients.

Government’s Heavy Hand Will Harm Crowdfunding, SEC Member Says

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The promise of crowdfunding has been stifled by red tape imposed by Congress, says Commissioner Daniel Gallagher.

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